Ameriprise Financial Welcomes Family-run Independent Broker-dealer With $177 Million in Assets Under Management
January 23 2020 - 9:26AM
Business Wire
Advisor Joan Seidel joins a well-established
Ameriprise team in the Los Angeles area to continue serving
multi-generational families
Independent broker-dealer Morton Seidel, which has operated in
the Los Angeles area for more than 95 years, recently joined a
franchise practice of Ameriprise Financial (NYSE: AMP) located in
Beverly Hills. The team, led by veteran advisor Joan Seidel, moved
to Ameriprise to leverage the firm’s technology tools and resources
to serve clients. She is joined by her husband and fellow financial
advisor, Arnold Seidel – whose father established the broker-dealer
in 1925 – and her daughter-in-law and paraplanner, Gina Seidel. The
team manages approximately $177 million in assets.
With their move to Ameriprise, the Seidels joined the franchise
led by advisor Alan Tarko. The team rebranded under the combined
name Morton Seidel Century City Advisor Group.
Reflecting on the decision to join Ameriprise, Joan Seidel said,
“I chose Ameriprise because the firm and its people are known in
the marketplace for serving clients with integrity. People in
leadership, at the home office, and especially Alan, are respectful
of our longstanding history, and are committed to helping our
clients reach their goals.”
Many of Seidel’s clients are children, grandchildren and
great-grandchildren of their broker-dealer’s original clients.
“Family is everything to us. We’ve helped multiple generations of
families prepare for retirement, manage inheritances, and weather
market events,” said Joan Seidel.
Ameriprise advisor Alan Tarko said the Seidel’s deep-rooted
reputation for serving clients well was a deciding factor in why he
felt comfortable combining practices. “I am proud to have the
Seidels as business partners. There’s so much my team and I can
learn from the way they’ve supported their clients for decades. We
have similar values and client bases, so the synergies were there
for us to collaborate.”
Also on the combined team are Ameriprise advisors Robert Marmor,
Philip Decallejon, Moshe Goldstein, and Steven Domokos. Marcus
Ranger supports the team as their Ameriprise franchise field vice
president.
More than 4,000 financial advisors have joined Ameriprise since
2008.1 To find out why experienced financial advisors are joining
Ameriprise, visit joinameriprise.com.
1 – Company data as of August 2019.
About Ameriprise Financial At Ameriprise Financial, we
have been helping people feel confident about their financial
future for more than 125 years. With extensive asset management,
advisory and insurance capabilities and a nationwide network of
approximately 10,000 financial advisors, we have the strength and
expertise to serve the full range of individual and institutional
investors' financial needs. For more information, or to find an
Ameriprise financial advisor, visit ameriprise.com.
Ameriprise Financial Services, Inc. Member FINRA and SIPC.
© 2020 Ameriprise Financial, Inc. All rights reserved.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200123005481/en/
Stephanie Siegle, Media Relations 612.671.2593
stephanie.siegle@ampf.com
Ameriprise Financial (NYSE:AMP)
Historical Stock Chart
From Mar 2024 to Apr 2024
Ameriprise Financial (NYSE:AMP)
Historical Stock Chart
From Apr 2023 to Apr 2024